Leon Cooperman: US Will Avoid Recession, Stocks ‘Appealing’

The U.S. economy will avoid a recession and American equities offer “appealing valuations,” according to Leon Cooperman, the chairman of hedge fund Omega Advisors Inc.

“Stocks are cheap relative to history, relative to inflation, relative to interest rates,” he said today during a presentation at the Value Investing Congress in New York. “The recent facts suggest the economy is accelerating moderately.”

The U.S. economy will avoid a recession and American equities offer appealing valuations, according to Leon Cooperman, the chairman of hedge fund Omega Advisors Inc.
Stocks are cheap relative to history, relative to inflation, relative to interest rates, he said today...